Rabu, Oktober 15, 2008

A conference in London for the competing companies to develop Iraqi oil fields

The Oil Ministry Spokesman said on Sunday that the Contracts and Licenses board in the ministry will hold a conference in London for the first permits session in the presence of the Minister of Oil and 35 international companies that won licenses to bid on the rehabilitation of Iraqi oil fields.

Assem Jihad said that "The ministry will hold a conference on Monday for the first licenses which were announced in the presence of Dr. Hussein al-Shahristani the Minister of Oil and the international companies that won the first licensing round of rehabilitation in London."

He added that "The conference will provide the qualified companies with the documents related to the fields that the ministry aims to develop, which they are North and South Rumaila fields, West Qurna, Albozorkan ,Abo Al Gharib and Fakkah in Maysan, as well as fields of Kirkuk and Bai Hassan, along with Gas fields of Akas and Al Mansuria."

He pointed out that the ministry is seeking to rehabilitate production to higher levels and had invited international companies to enter and compete in the first round of licensing.

The information spokesman continued , there were "120 global companies participated in the rehabilitation session, and 35 companies of various nationalities acquired the license for the rehabilitation of oil fields."

And he added "these companies will receive documents about the fields during the conference in the hope to submit their proposals in a short period and the offers will be decided by next summer."

The ministry had approved the rehabilitation of the companies that will compete to develop the fields, which won the first licensing round on the principle of company's gravity and finances and its work in the large similar fields to the production of Iraq's giant fields.

Jihad noted that it was hoped, "the results of the assignment contract next summer and declare the names of companies winning the best performances among the 35 companies that receive contracts papers tomorrow."